Syneron Medical Ltd., also known as Syneron Candela, is a company that develops and markets devices for

cosmetic surgery Plastic surgery is a surgical specialty involving the restoration, reconstruction or alteration of the human body. It can be divided into two main categories: reconstructive surgery and cosmetic surgery. Reconstructive surgery includes craniofa ...

procedures like hair removal and wrinkle treatments. Syneron Medical was founded in 2000 by

Shimon Eckhouse Shimon ( he, שמעון) is the original Hebrew pronunciation of the names Simon (given name), Simon and Simeon. Among individuals, Shimon can refer to: Given names * Shimon Agranat (1906-1992), Israeli judge and President of the Israeli Supreme Co ...

, after he departed from Lumenis, which he had founded in 1991, and which also sold medical devices for cosmetic treatments. Lumenis sued Eckhouse and Syneron in 2002 for theft of trade secrets. The litigation was resolved in 2004, with Syneron paying Lumenis $1.5M and royalties. When the

financial crisis of 2007–2008 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fi ...

hit, the company was not able to sustain its growth; it acquired

Candela The candela ( or ; symbol: cd) is the unit of luminous intensity in the International System of Units (SI). It measures luminous power per unit solid angle emitted by a light source in a particular direction. Luminous intensity is analogous to ...

, which sold similar products to dermatologists and plastic surgeons. In 2017 Syneron was acquired by

Apax Partners Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of December 2017, the firm, including its ...

, which took the company private.

References

{{Reflist, 30em Companies established in 2000 Companies formerly listed on the Nasdaq